If you’re interested in exploring the ITC share price target (Indian Tobacco Company) in the upcoming years, you’ve come to the right place. Before we dive into the projected figures, let’s take a closer look at ITC’s background and fundamental aspects.
Fundamentals of ITC:
In order to gain a better understanding of ITC’s position in the Conglomerate sector, let’s examine some key fundamental indicators:
Current Market Cap: As of October 10, 2022, ITC’s market capitalization stands at ₹4,05,763.12 Cr.
P/E Ratio: Currently, ITC has a price-to-earnings ratio of 25.03.
Sales Growth: Over a specific time period, ITC has demonstrated a sales growth rate of approximately 38.80%.
Profit Growth: ITC has achieved a profit growth rate of around 15.55% over the same period.
ITC Price Target Details:
After conducting a comprehensive analysis of ITC, we have identified potential share price targets for the coming years. Please note that these targets are provided for reference purposes only and assume positive market sentiments. They do not account for any uncertainties in the company or global market conditions.
ITC Price Target Details:
Year ITC 1st Share Price Targets (₹) ITC 2nd Share Price Targets (₹)
2023 480 510
2024 560 630
2025 650 680
2026 610 700
2027 690 750
2028 700 780
2029 720 810
2030 750 850
Also Read:IRCTC Share Price Target 2022, 2023(Updated), 2025, 2028, 2030
2023: Based on an in-depth analysis of ITC’s monthly time frame chart on TradingView, we project the share price target for 2023 to be ₹480.
2024: Looking ahead to 2024, the anticipated share price target for ITC is ₹560.
Also Read: Tata Teleservices Share Price NSE 2023 |Ttml Share Price Target 2023
2025: For the year 2025, our analysis suggests a projected share price target of ₹650 for ITC.
2026: Continuing the trend, the target share price for ITC in 2026 is estimated to be around ₹610.
2027 to 2030: Looking further into the future, our projections indicate share price targets of ₹690, ₹700, ₹720, and ₹750 for the years 2027, 2028, 2029, and 2030, respectively.
Also Read: IRCTC Share Price Target 2022, 2023(Updated), 2025, 2028, 2030
Conclusion:
These projected share price targets for ITC provide an overview of potential future performance based on available data and analysis. However, it is important to note that actual share prices may be influenced by various factors, including market conditions and company-specific developments. Consequently, these targets should be considered for informational purposes only, and prudent decision-making should incorporate a comprehensive assessment of market conditions and individual investment goals.
Disclaimer: The views given on Viral Domain are the personal views of the experts. The website or management is not responsible for this. Viral Domain advises the viewer or reader to take the advice of a certified expert before taking any investment decision.